Evolv Technologies Holdings Inc. (EVLV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
12141 WICKCHESTER LN., SUITE 325 HOUSTON, TX 77079 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 118,451 | 229,783 | 307,492 | 1,328 | |||
| Cash and cash equivalents | 67,162 | 229,783 | 307,492 | 1,328 | |||
| Short-term investments | 51,289 | ||||||
| Restricted cash and investments | 275 | 400 | |||||
| Receivables | 22,611 | 31,920 | 6,477 | ||||
| Inventory, net of allowances, customer advances and progress billings | 9,507 | 10,257 | 5,140 | ||||
| Inventory | 9,507 | 10,257 | 5,140 | ||||
| Prepaid expense | 1,868 | 897 | 2,803 | ||||
| Contract with customer, asset, after allowance for credit loss | 3,707 | 2,852 | 1,459 | ||||
| Deposits current assets | 12,177 | 9,666 | 7,591 | ||||
| Other current assets | 1,334 | 1,114 | 242 | ||||
| Other undisclosed current assets | 5,914 | 6,095 | 2,056 | 184 | |||
| Total current assets: | 175,844 | 292,584 | 333,660 | 1,512 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,195 | 1,673 | |||||
| Property, plant and equipment | 112,921 | 44,707 | 21,592 | ||||
| Contract with customer, asset, after allowance for credit loss | 451 | 1,386 | 3,418 | ||||
| Asset, held-in-trust | 172,579 | ||||||
| Restricted cash and investments | 275 | 300 | |||||
| Other noncurrent assets | 1,202 | 1,835 | 401 | ||||
| Other undisclosed noncurrent assets | 7,107 | 5,655 | 3,694 | ||||
| Total noncurrent assets: | 122,876 | 55,531 | 29,405 | 172,579 | |||
| TOTAL ASSETS: | 298,720 | 348,115 | 363,065 | 174,091 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 22,431 | 21,792 | 8,505 | 677 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1,091 | 83 | ||
| Accounts payable | 17,400 | 18,194 | 6,363 | ||||
| Accrued liabilities | 5,031 | 3,598 | 1,051 | ||||
| Other undisclosed accounts payable and accrued liabilities | 594 | ||||||
| Deferred revenue | 47,677 | 18,273 | 6,690 | ||||
| Debt | 10,000 | ||||||
| Deferred rent credit | 135 | ||||||
| Other undisclosed current liabilities | 11,938 | 9,061 | 9,041 | 83 | |||
| Total current liabilities: | 82,046 | 59,126 | 24,371 | 760 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 19,683 | 7,945 | |||||
| Long-term debt, excluding current maturities | 19,683 | 7,945 | |||||
| Liabilities, other than long-term debt | 23,813 | 18,587 | 2,808 | 6,038 | |||
| Deferred revenue | 23,813 | 17,695 | 2,475 | ||||
| Deferred compensation liability, classified | 6,038 | ||||||
| Deferred rent credit | 333 | ||||||
| Operating lease, liability | 892 | ||||||
| Other undisclosed noncurrent liabilities | 46,538 | 23,734 | 37,103 | 21,519 | |||
| Total noncurrent liabilities: | 70,351 | 62,004 | 47,856 | 27,557 | |||
| Total liabilities: | 152,397 | 121,130 | 72,227 | 28,317 | |||
| Temporary equity, carrying amount | 140,774 | ||||||
| Equity | |||||||
| Equity, attributable to parent | 146,323 | 226,985 | 290,838 | 5,000 | |||
| Common stock | 15 | 15 | 14 | ||||
| Additional paid in capital | 444,825 | 419,190 | 395,563 | 16,912 | |||
| Accumulated other comprehensive loss | (53) | (10) | |||||
| Accumulated deficit | (298,464) | (192,210) | (104,739) | (11,912) | |||
| Total equity: | 146,323 | 226,985 | 290,838 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 298,720 | 348,115 | 363,065 | 174,091 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 80,418 | 55,195 | 23,692 | 100 | ||
| Operating lease, lease income | 37,247 | 17,569 | ||||
| Sale of trust assets to pay expenses | 100 | |||||
| Cost of revenue | (46,589) | (53,466) | (17,051) | |||
| Gross profit: | 33,829 | 1,729 | 6,641 | 100 | ||
| Operating expenses | (122,091) | (104,290) | (60,702) | (1,030) | ||
| Other undisclosed operating loss | (100) | |||||
| Operating loss: | (88,262) | (102,561) | (54,061) | (1,030) | ||
| Nonoperating income (expense) | (17,941) | 16,155 | 43,203 | (10,882) | ||
| Investment income, nonoperating | 6,227 | 3,165 | ||||
| Interest and debt expense | (626) | (712) | (12,685) | |||
| Loss from continuing operations before equity method investments, income taxes: | (106,829) | (87,118) | (23,543) | (11,912) | ||
| Other undisclosed income from continuing operations before income taxes | 626 | 712 | 12,685 | |||
| Loss from continuing operations before income taxes: | (106,203) | (86,406) | (10,858) | (11,912) | ||
| Income tax expense | (51) | |||||
| Other undisclosed loss from continuing operations | ||||||
| Loss from continuing operations: | (106,254) | (86,406) | (10,858) | (11,912) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (10,858) | (11,912) | |
| Net loss: | (106,254) | (86,406) | (10,858) | (11,912) | ||
| Other undisclosed net loss attributable to parent | ||||||
| Net loss attributable to parent: | (106,254) | (86,406) | (10,858) | (11,912) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | ||||||
| Net loss available to common stockholders, diluted: | (106,254) | (86,406) | (10,858) | (11,912) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (106,254) | (86,406) | (10,858) | (11,912) | ||
| Other comprehensive loss | (43) | (10) | ||||
| Comprehensive loss: | (106,297) | (86,416) | (10,858) | (11,912) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (106,297) | (86,416) | (10,858) | (11,912) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.